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please explain TB MC Qu. 11.68 (Algo) Cutter Enterprises purchased equipment for... Cutter Enterprises purchased equipment for $81,000 on January 1, 2024, The equlpment is

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TB MC Qu. 11.68 (Algo) Cutter Enterprises purchased equipment for... Cutter Enterprises purchased equipment for $81,000 on January 1, 2024, The equlpment is expected to have a flve-year life and a residual value of $7,800. Using the stralght-line method, depreciation for 2024 would be: Multiole choice $14,640 $16,200 $81,000 None of the other answer cholces are comect

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